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We are excited to share the latest edition of the Law Update, beautifully and appropriately titled “Sustainable Horizons: The Saudi Arabian Vision.” Giving special honor to the Kingdom’s 2030 vision, this update focuses on a collection of both informative and inspiring articles.
For those in construction, you can learn about how the tendering environment impacts risk-pricing for contractors, the updates on the legal framework of the construction industry and how contractors can protect themselves against financial difficulties.
There is good news too from the kingdom’s banking sector, from which the practice of “Open Banking” is being pushed for! But what is open banking? We’re answering that too.
Also . . . Are there any women trail blazers in Saudi Arabia you can name? We’ll help you with that. We cover how the Middle East has been making strides in empowering women in the entrepreneurial space,most notably in STEM fields.Read the full edition
Mohammed Ali - Senior Associate - Intellectual Property
In this decree, it was announced that the use of class headings as the list of goods in trademark applications will no longer be an acceptable practice. As per the Decree, all new trademark applications should include the specific list of goods and/or services, and from the date of the decree onwards, applications with description of goods as general class heading is not acceptable.
Based on the Decree, the Registrar of Trademark, during the examination phase, will refuse an application with the list of goods as class heading because each of the goods and/or services in the list should be specified clearly to remove any ambiguity regarding the identity of the goods/services.
This new practice will be enforced immediately, and it will also affect all pending trademark applications that are due for examination.
It is thus required to amend all trademark applications that are pending examination with the list of goods as class heading to comply with the directions in the above Decree. However, the trademarks that are accepted and published will not be affected by the Decree.
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